ONE Group Hospitality (NASDAQ:STKS) Research Coverage Started at Northcoast Research

Northcoast Research started coverage on shares of ONE Group Hospitality (NASDAQ:STKS) in a research note issued to investors on Friday morning, MarketBeat.com reports. The firm issued a buy rating and a $5.00 target price on the restaurant operator’s stock.

Several other equities analysts also recently commented on STKS. Wedbush reiterated a “neutral” rating and set a $3.50 price target on shares of ONE Group Hospitality in a report on Tuesday, March 11th. Stephens lowered their target price on shares of ONE Group Hospitality from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th.

ONE Group Hospitality Stock Performance

Shares of STKS opened at $2.96 on Friday. The firm has a market cap of $91.88 million, a price-to-earnings ratio of -3.70 and a beta of 2.10. The company’s fifty day moving average is $2.99 and its 200-day moving average is $3.21. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 6.73. ONE Group Hospitality has a 12 month low of $2.37 and a 12 month high of $6.10.

ONE Group Hospitality (NASDAQ:STKS) last posted its earnings results on Monday, March 10th. The restaurant operator reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.33). ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. The company had revenue of $221.88 million for the quarter, compared to the consensus estimate of $217.71 million. Equities analysts expect that ONE Group Hospitality will post -0.18 EPS for the current fiscal year.

Insider Activity at ONE Group Hospitality

In other news, CFO Tyler Loy acquired 10,000 shares of the stock in a transaction dated Friday, March 14th. The shares were acquired at an average cost of $2.55 per share, for a total transaction of $25,500.00. Following the completion of the transaction, the chief financial officer now owns 220,246 shares in the company, valued at approximately $561,627.30. This trade represents a 4.76 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 19.70% of the company’s stock.

Hedge Funds Weigh In On ONE Group Hospitality

A number of hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN raised its position in ONE Group Hospitality by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 9,732 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 3,316 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of ONE Group Hospitality in the 4th quarter valued at approximately $35,000. Stoneridge Investment Partners LLC raised its holdings in shares of ONE Group Hospitality by 22.6% in the 4th quarter. Stoneridge Investment Partners LLC now owns 14,574 shares of the restaurant operator’s stock worth $42,000 after buying an additional 2,684 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of ONE Group Hospitality by 53.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator’s stock worth $58,000 after buying an additional 5,497 shares during the period. Finally, Magnus Financial Group LLC acquired a new stake in ONE Group Hospitality in the 4th quarter valued at $72,000. Institutional investors and hedge funds own 29.14% of the company’s stock.

About ONE Group Hospitality

The ONE Group Hospitality, Inc, a restaurant company, develops, owns, operates, manages, and licenses restaurants and lounges worldwide. It operates through STK, Kona Grill, and ONE Hospitality segments. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.